OPPENHEIMER CASH RESERVES/CO/
NSAR-A, 1997-04-01
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<PAGE>      PAGE  1
000 A000000 01/31/97
000 C000000 0000836423
000 D000000 N
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001 A000000 OPPENHEIMER CASH RESERVES
001 B000000 811-5582
001 C000000 3036713200
002 A000000 6803 SOUTH TUCSON WAY
002 B000000 ENGLEWOOD
002 C000000 CO
002 D010000 80112
003  000000 N
004  000000 N
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007 A000000 N
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015 A000001 CITIBANK, N.A.
015 B000001 C
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015 C020001 NY
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022 A000001 LEHMAN BROTHERS, INC.
022 B000001 13-2518466
022 C000001    300687
022 D000001         0
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002    254158
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022 A000003 MERRILL LYNCH, PIERCE, FENNER, & SMITH, INC.
022 B000003 13-5674085
022 C000003    129368
022 D000003      2991
022 A000004 MORGAN GUARANTY TRUST CO.
022 B000004 13-5123346
022 C000004    102781
022 D000004         0
022 A000005 BANKERS TRUST CO.
022 B000005 13-4941247
022 C000005     64373
022 D000005         0
022 A000006 FIRST BOSTON CORP. (THE)
022 B000006 13-5659485
022 C000006     43870
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022 C000007     35084
022 D000007      4443
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022 B000008 13-2655998
022 C000008     22955
022 D000008     10495
022 A000009 SMITH BARNEY, HARRIS UPHAM & CO., INC.
022 B000009 13-3371860
022 C000009     24061
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SIGNATURE   GEORGE C. BOWEN                              
TITLE       TREASURER           
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                   836423
<NAME>           OPPENHEIMER CASH RESERVES-A
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUL-31-1997
<PERIOD-START>                                                          AUG-01-1996
<PERIOD-END>                                                            JAN-31-1997
<INVESTMENTS-AT-COST>                                                                 228,136,488
<INVESTMENTS-AT-VALUE>                                                                228,136,488
<RECEIVABLES>                                                                           4,917,088
<ASSETS-OTHER>                                                                            251,178
<OTHER-ITEMS-ASSETS>                                                                    1,160,014
<TOTAL-ASSETS>                                                                        234,464,768
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               7,730,264
<TOTAL-LIABILITIES>                                                                     7,730,264
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              226,741,523
<SHARES-COMMON-STOCK>                                                                 171,146,441
<SHARES-COMMON-PRIOR>                                                                 170,093,786
<ACCUMULATED-NII-CURRENT>                                                                       0
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                    (7,019)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                                        0
<NET-ASSETS>                                                                          171,083,841
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                       6,893,129
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          1,757,167
<NET-INVESTMENT-INCOME>                                                                 5,135,962
<REALIZED-GAINS-CURRENT>                                                                      764
<APPREC-INCREASE-CURRENT>                                                                       0
<NET-CHANGE-FROM-OPS>                                                                   5,136,726
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                               3,817,741
<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                               242,853,898
<NUMBER-OF-SHARES-REDEEMED>                                                           245,354,047
<SHARES-REINVESTED>                                                                     3,552,804
<NET-CHANGE-IN-ASSETS>                                                                (40,586,144)
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                                  (7,782)
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                     620,130
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         1,757,167
<AVERAGE-NET-ASSETS>                                                                  176,403,600
<PER-SHARE-NAV-BEGIN>                                                                           1.00
<PER-SHARE-NII>                                                                                 0.02
<PER-SHARE-GAIN-APPREC>                                                                         0.00
<PER-SHARE-DIVIDEND>                                                                            0.02
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                             1.00
<EXPENSE-RATIO>                                                                                 1.26
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                   836423
<NAME>           OPPENHEIMER CASH RESERVES-B
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUL-31-1997
<PERIOD-START>                                                          AUG-01-1996
<PERIOD-END>                                                            JAN-31-1997
<INVESTMENTS-AT-COST>                                                                 228,136,488
<INVESTMENTS-AT-VALUE>                                                                228,136,488
<RECEIVABLES>                                                                           4,917,088
<ASSETS-OTHER>                                                                            251,178
<OTHER-ITEMS-ASSETS>                                                                    1,160,014
<TOTAL-ASSETS>                                                                        234,464,768
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               7,730,264
<TOTAL-LIABILITIES>                                                                     7,730,264
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              226,741,523
<SHARES-COMMON-STOCK>                                                                  47,554,927
<SHARES-COMMON-PRIOR>                                                                  85,573,179
<ACCUMULATED-NII-CURRENT>                                                                       0
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                    (7,019)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                                        0
<NET-ASSETS>                                                                           47,555,340
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                       6,893,129
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          1,757,167
<NET-INVESTMENT-INCOME>                                                                 5,135,962
<REALIZED-GAINS-CURRENT>                                                                      764
<APPREC-INCREASE-CURRENT>                                                                       0
<NET-CHANGE-FROM-OPS>                                                                   5,136,726
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                               1,141,665
<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                80,671,349
<NUMBER-OF-SHARES-REDEEMED>                                                           119,619,663
<SHARES-REINVESTED>                                                                       930,062
<NET-CHANGE-IN-ASSETS>                                                                (40,586,144)
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                                  (7,782)
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                     620,130
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         1,757,167
<AVERAGE-NET-ASSETS>                                                                   59,472,472
<PER-SHARE-NAV-BEGIN>                                                                           1.00
<PER-SHARE-NII>                                                                                 0.02
<PER-SHARE-GAIN-APPREC>                                                                         0.00
<PER-SHARE-DIVIDEND>                                                                            0.02
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                             1.00
<EXPENSE-RATIO>                                                                                 1.85
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6                       
<CIK>                                                                   836423
<NAME>           OPPENHEIMER CASH RESERVES-C
       
<S>                                                                     <C>
<PERIOD-TYPE>                                                           6-MOS
<FISCAL-YEAR-END>                                                       JUL-31-1997
<PERIOD-START>                                                          AUG-01-1996
<PERIOD-END>                                                            JUL-31-1997
<INVESTMENTS-AT-COST>                                                                 228,136,488
<INVESTMENTS-AT-VALUE>                                                                228,136,488
<RECEIVABLES>                                                                           4,917,088
<ASSETS-OTHER>                                                                            251,178
<OTHER-ITEMS-ASSETS>                                                                    1,160,014
<TOTAL-ASSETS>                                                                        234,464,768
<PAYABLE-FOR-SECURITIES>                                                                        0
<SENIOR-LONG-TERM-DEBT>                                                                         0
<OTHER-ITEMS-LIABILITIES>                                                               7,730,264
<TOTAL-LIABILITIES>                                                                     7,730,264
<SENIOR-EQUITY>                                                                                 0
<PAID-IN-CAPITAL-COMMON>                                                              226,741,523
<SHARES-COMMON-STOCK>                                                                   8,094,895
<SHARES-COMMON-PRIOR>                                                                  11,716,135
<ACCUMULATED-NII-CURRENT>                                                                       0
<OVERDISTRIBUTION-NII>                                                                          0
<ACCUMULATED-NET-GAINS>                                                                    (7,019)
<OVERDISTRIBUTION-GAINS>                                                                        0
<ACCUM-APPREC-OR-DEPREC>                                                                        0
<NET-ASSETS>                                                                            8,095,323
<DIVIDEND-INCOME>                                                                               0
<INTEREST-INCOME>                                                                       6,893,129
<OTHER-INCOME>                                                                                  0
<EXPENSES-NET>                                                                          1,757,167
<NET-INVESTMENT-INCOME>                                                                 5,135,962
<REALIZED-GAINS-CURRENT>                                                                      764
<APPREC-INCREASE-CURRENT>                                                                       0
<NET-CHANGE-FROM-OPS>                                                                   5,136,726
<EQUALIZATION>                                                                                  0
<DISTRIBUTIONS-OF-INCOME>                                                                 176,556
<DISTRIBUTIONS-OF-GAINS>                                                                        0
<DISTRIBUTIONS-OTHER>                                                                           0
<NUMBER-OF-SHARES-SOLD>                                                                30,231,681
<NUMBER-OF-SHARES-REDEEMED>                                                            33,999,170
<SHARES-REINVESTED>                                                                       146,249
<NET-CHANGE-IN-ASSETS>                                                                (40,586,144)
<ACCUMULATED-NII-PRIOR>                                                                         0
<ACCUMULATED-GAINS-PRIOR>                                                                  (7,782)
<OVERDISTRIB-NII-PRIOR>                                                                         0
<OVERDIST-NET-GAINS-PRIOR>                                                                      0
<GROSS-ADVISORY-FEES>                                                                     620,130
<INTEREST-EXPENSE>                                                                              0
<GROSS-EXPENSE>                                                                         1,757,167
<AVERAGE-NET-ASSETS>                                                                    9,400,279
<PER-SHARE-NAV-BEGIN>                                                                           1.00
<PER-SHARE-NII>                                                                                 0.02
<PER-SHARE-GAIN-APPREC>                                                                         0.00
<PER-SHARE-DIVIDEND>                                                                            0.02
<PER-SHARE-DISTRIBUTIONS>                                                                       0.00
<RETURNS-OF-CAPITAL>                                                                            0.00
<PER-SHARE-NAV-END>                                                                             1.00
<EXPENSE-RATIO>                                                                                 1.82
<AVG-DEBT-OUTSTANDING>                                                                          0
<AVG-DEBT-PER-SHARE>                                                                            0.00
        

</TABLE>


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